Gujarat State Fertilizers & Chemicals Ltd. Reports Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 23, 2017 at 07:02 am
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Gujarat State Fertilizers & Chemicals Ltd. reported standalone unaudited earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, income from operation was INR 11,503.1 million against INR 16,444.1 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 513.7 million against INR 1,511.0 million a year ago. Profit from ordinary activities before tax was INR 502.4 million against INR 1,558.6 million a year ago. Net profit was INR 611.7 million or INR 1.54 per basic and diluted share against INR 1,036.6 million or INR 2.60 per basic and diluted share a year ago.
For the nine months, income from operation was INR 38,702.3 million against INR 45,739.2 million a year ago. Profit from operation before other income, finance cost and exceptional item was INR 2,925.5 million against INR 4,638.8 million a year ago. Profit from ordinary activities before tax was INR 2,884.6 million against INR 4,968.4 million a year ago. Net profit was INR 2,324.8 million or INR 5.83 per basic and diluted share against INR 3,467.4 million or INR 8.70 per basic and diluted share a year ago.
Gujarat State Fertilizers & Chemicals Limited is an India-based company engaged in the production of fertilizers and chemicals. The Company operates through two segments: Fertilizer Products and Industrial Products. The Fertilizer Products segment consists of urea, ammonium sulphate, di-ammonium phosphate, ammonium phosphate sulphate, NPK (12:32:16), (10:26:26), traded fertilizer products, and others. The Industrial Products segment includes caprolactam, nylon-6, nylon chips, melamine, methanol, traded industrial products, and others. Its product categories include fertilizers, industrial products: major, industrial products: other, water-soluble fertilizers, sulfur-based products, plant tissue culture, micronutrients, plant growth promoters, soil conditioners, organic products, and seeds. The Companyâs agro services include Agrinet Call Center, Farm Youth Training Program, Crop Demonstrations, Krishi Jivan, Horticulture Department, and Soil Testing Laboratory.